DSP Group, Inc. (NASDAQ: DSPG) is a world leader in the short-range wireless communication market, enabling home networking convergence for voice, video & data. DSP Group combines its in-house technologies of Digital Signal Processors (DSP's), portfolio of wireless communication protocols, including DECT, Bluetooth and WiFi, advanced Radio Frequency CMOS and SiGe, as well as VoIP ICs. Its chipsets are deployed in residential, SOHO, SME, enterprise and automotive applications. DSP Group ICs provide solutions for MP3 players, VoIP Phones, Gateways, Integrated Access Devices (IAD's), and are widely used in Digital Voice Recorders (DVR's).
In recent months, DSP Group has achieved a strategic milestone by introducing the DECT (Digital Enhanced Cordless Telephony) standard, the 1.9GHz chip sets for the European market and by delivering its first shipment of initial quantities to the European market. This new product line is believed to empower the growth of the company in the years to come.
Moreover, and in line with the Company's strategy and focus to provide a complete short range residential wireless offering, DSP Group recently acquired WiFi technologies and assets developed by Bermai, Inc (802.11 a.b.g. & e.) for delivering voice, data and video in high quality of service and improved ranges over WiFi networks.
DSP Group has demonstrated excellent financial performance for many years and its management is a strong believer and executor of top line growth along side with profitability and EPS growth. DSP Group's efficiency is among the highest in its industry. Its solid, debt-free balance sheet with over $248 million of cash and marketable securities accompanied by positive cash flow - demonstrates strong financial fundamentals and future basis for investment and growth.
